According to a report published by the Department of Commerce this Thursday, retail sales in the United States increased by 0.6% in June despite the uncertainty over tariffs and compared to the previous month where there was a significant drop of 0.9%.

For the economist Navy Federal Credit Union CEO Heather Long said, "There's still a lot of concern about tariffs and potential price increases, but consumers are willing to buy if they think they can get a good deal," she said. This summer, the trend has been toward pre-purchasing many essential items and goods in order to save a few bucks before retailers begin raising prices to cover the additional costs of the new taxes. An analysis published by FactSet highlights that spending was across several categories, including a solid 1.2% increase in sales at car dealerships, while sales, for example; In restaurants and bars, a gauge of discretionary spending, it rose 0.6% last month.

On the other hand, this week it was also reported that the inflation rate rose again to 2.7%, one of the highest figures in four months. According to the report, the figures presented do not adjust to the current inflation rate and it is noted that some products have already begun to become scarce due to tariffs, which could lead to a higher inflation rate in the coming months.

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